Value Payable System of Goods- VPS (English / Hindi)

Value Payable System:-

While booking goods in this system, consignee’s name and address is not written on the forwarding note, instead ‘Self’ and name of destination station is written. On the packages and Railway receipt also, ‘Self’ and name of destination station is written. Railway receipt will be endorsed on consignee’s name by consignor.

Consignor will send railway receipt and other documents to a bank or post office at destination station. By depositing cost of goods in the bank /post office consignee will obtain Railway Receipt. On presenting railway receipt in goods shed, delivery will be granted.

मूल्य देय पद्धति (Value Payable System (VPS):-

इस पद्धति में माल बुक करते समय अग्रेषण पत्र में प्रेषति का नाम और पता नही लिखा जाता है बल्कि उस स्थान पर स्वयं (Self) और गंतव्य स्टेशन का नाम लिखा जाता है। पैकेजो और रेलवे रसीद पर भी स्वयं (Self) और गंतव्य स्टेशन का नाम लिखा जाता है। प्रेषक व्दारा रेलवे रसीद पर प्रेषति के नाम से पृष्ठांकन किया जायेगा।

रेलवे रसीद और अन्य कागजात प्रेषक व्दारा गंतव्य स्टेशन के बैंक या पोस्ट आफिस को भेज दिए जायेगें। प्रेषति व्दारा माल की कीमत बैंक / पोस्ट आफिस में जमा करने पर रेलवे रसीद प्राप्त की जायेगी जिसे माल गोदाम में प्रस्तुत करने पर माल की सुपुर्दगी दी जायेगी।

Delivery in absence of RR (Delivery on the basis of Indemnity Note)

Section 76 of Railway Act:-

According to this section delivery of goods will be granted on surrender of proper railway receipt. If railway receipt is not available, delivery of goods may be granted on execution of on indemnity note.

Indemnity note is a legal document on which stamp duty is levied. Stamp duty differs from state to state. Indemnity note can be obtained from goods sheds or Station Master’s office. Station Master can grant delivery of goods costing upto ₹.1 lakh on the basis of indemnity note. If cost of goods exceeds this limit, delivery will be granted by DCM’s permission.

Following information is written on an indemnity note:-

1. Booking particulars

2. Description of goods

3. Cost of goods

4. Name and signature of consignee

5. Signature of one surety

6. Signature of two witnesses and their complete details

7. Signature of Station Master, date and Station Seal.

Types of indemnity Note/ Bond:-

1. Stamped indemnity note

2. Unstamped indemnity note

3. General indemnity note

1. Stamped Indemnity Note: -

 Indemnity note executed on a stamp paper is known as stamped indemnity note. If goods have been booked on consignee’s name and consignee is unable to produce railway receipt then delivery will be grated on execution of an indemnity note by consignee at destination station. If goods are booked to self and consignee is unable to produce railway receipt, then delivery will be granted on execution of 2 indemnity note. Out of which one should be executed by consignor with signature and stamp of station master of forwarding station and date. It should be endorse on the name of consignee. On the basis of which consignee will execute another indemnity note and delivery will be granted on production of both indemnity notes.

2. Unstamped Indemnity Note:- 

This is a printed form and is free from stamp duty. It can be obtained free of cost from goods shed or Station Master’s office. This indemnity note is accepted in following circumstances:

a) Goods booked to Government officials in their official capacity.

b) Goods booked to registered co-operative societies.

c) At the time of delivery of low value goods (This facility is given to certain businessmen with object of vacating space in goods sheds)

d) Perishable consignment with perishable deposit.

3. General Indemnity Note:-

If goods of a particulars businessman are received regularly at a station and he is unable to produce railway receipt on a regular basic, such businessman have been given the facility of General Indemnity Note. After the businessman has executed the Indemnity Note, it will be sent to Sr. DCM office for approval. Post approval it will be sent back to the station, which will be recorded in the specific register and kept as record. Validity of General Indemnity is 3 year. On taking delivery on the basis of general indemnity note, railway receipt or stamped indemnity note should be produced within 10 days from the date of delivery otherwise the facility of general indemnity note will be terminated.

Note: - Delivery of goods booked to ‘Self’ will not be granted on the basis of general indemnity note.